Blue Trust Inc. Boosts Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Blue Trust Inc. raised its holdings in Ambarella, Inc. (NASDAQ:AMBA) by 180.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 499 shares of the semiconductor company’s stock after purchasing an additional 321 shares during the quarter. Blue Trust Inc.’s holdings in Ambarella were worth $27,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV raised its position in shares of Ambarella by 2.4% in the second quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after acquiring an additional 231 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Ambarella by 6.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock worth $269,000 after acquiring an additional 285 shares during the period. Linden Thomas Advisory Services LLC raised its position in shares of Ambarella by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company’s stock worth $945,000 after acquiring an additional 288 shares during the period. CWM LLC raised its position in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 304 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Ambarella by 8.0% in the first quarter. Principal Financial Group Inc. now owns 4,882 shares of the semiconductor company’s stock worth $248,000 after acquiring an additional 363 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ambarella

In other Ambarella news, VP Yun-Lung Chen sold 5,963 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $57.56, for a total value of $343,230.28. Following the completion of the transaction, the vice president now owns 62,026 shares of the company’s stock, valued at $3,570,216.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO John Alexander Young sold 2,139 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $114,522.06. Following the sale, the chief financial officer now directly owns 103,529 shares in the company, valued at approximately $5,542,942.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Yun-Lung Chen sold 5,963 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $57.56, for a total transaction of $343,230.28. Following the completion of the sale, the vice president now owns 62,026 shares in the company, valued at $3,570,216.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,423 shares of company stock valued at $1,356,402 in the last 90 days. Company insiders own 5.70% of the company’s stock.

Ambarella Price Performance

Ambarella stock opened at $57.87 on Friday. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -13.40 and a beta of 1.62. The firm has a 50 day simple moving average of $56.19 and a 200-day simple moving average of $52.93. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $65.88.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. The company had revenue of $63.70 million during the quarter, compared to analysts’ expectations of $62.10 million. During the same quarter last year, the company posted ($0.76) EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities analysts expect that Ambarella, Inc. will post -3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMBA has been the subject of a number of analyst reports. Craig Hallum upped their price objective on shares of Ambarella from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Bank of America upped their price objective on shares of Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Roth Mkm restated a “neutral” rating and set a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Stifel Nicolaus upped their price target on shares of Ambarella from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Morgan Stanley upped their price target on shares of Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Ambarella currently has an average rating of “Hold” and a consensus price target of $74.09.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.